Today Sky released their earnings report for the first quarter of 2016.

In this, Sky revealed that they saw an overall revenue increase of 13% at a total of 3.1 billion in revenue for the quarter, as well as a like for like revenue increase of 5%.

Revenue for the UK and Ireland was reported at £2,104m with a 5% increase, Germany and Austria was reported at £434m with a 29% increase, and Italy reported £610m, with a 34% revenue increase.

They also revealed that operating costs were down 2% since the prior year.

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Sky also added over 100,000 new customers in Q1 2016, with the highest increase in new customers from Italy in four years. In Germany & Austria they added 49,000 new customers,  in the UK & Ireland they added 35,000 new customers, and in Italy they added 22,000 new customers.

These results cover a total of 3 months ending on September 30th, 2016.

Jeremy Darroch, Group Chief Executive, commented:

“I’m pleased with the start we have made to the year, with like-for-like revenue growth of over 5% and more than 100,000 new customers joining Sky. We finished the quarter strongly after a slower start against the backdrop of the Rio Olympics and UEFA Euro 2016. It was also a strong quarter of innovation with the launch of our new streaming service, Sky Ticket, in Germany; Ultra HD in the UK, Ireland, Germany and Austria; and our enhanced mobile TV proposition, Sky Go Extra, in Italy, as we transform all our markets to multi- platform distribution services.”

You can read the full Q1 2016 report at the source link below.

Source: Sky (PDF)

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